Bristol Advisors LLC Acquires Shares of 12,375 Nutanix Inc. (NTNX)
Bristol Advisors LLC acquired a new stake in Nutanix Inc. (NASDAQ:NTNX) during the second quarter, Holdings Channel reports. The fund acquired 12,375 shares of the technology company’s stock, valued at approximately $249,000.
A number of other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Nutanix during the second quarter worth $186,000. First American Bank bought a new stake in shares of Nutanix during the second quarter worth $205,000. Oppenheimer & Co. Inc. bought a new stake in shares of Nutanix during the first quarter worth $211,000. Blair William & Co. IL bought a new stake in shares of Nutanix during the first quarter worth $342,000. Finally, Washington Capital Management Inc. bought a new stake in shares of Nutanix during the first quarter worth $225,000. Hedge funds and other institutional investors own 19.64% of the company’s stock.
Nutanix Inc. (NTNX) opened at 21.32 on Wednesday. The company has a 50-day moving average of $21.31 and a 200-day moving average of $21.05. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $46.78. The stock’s market cap is $3.23 billion.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.32. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The firm had revenue of $191.76 million during the quarter, compared to analyst estimates of $186.56 million. The firm’s revenue for the quarter was up 67.2% compared to the same quarter last year. On average, analysts predict that Nutanix Inc. will post ($1.45) EPS for the current fiscal year.
A number of brokerages have weighed in on NTNX. Robert W. Baird reiterated a “buy” rating on shares of Nutanix in a research report on Friday, May 26th. Goldman Sachs Group, Inc. (The) upgraded shares of Nutanix from a “buy” rating to a “conviction-buy” rating and set a $31.00 price target for the company in a research report on Friday, July 14th. Maxim Group reiterated a “buy” rating and set a $41.00 price target on shares of Nutanix in a research report on Saturday, June 3rd. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $19.00 price target (up from $18.00) on shares of Nutanix in a research report on Monday, May 29th. Finally, Piper Jaffray Companies set a $27.00 price target on shares of Nutanix and gave the company a “buy” rating in a research report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Nutanix presently has a consensus rating of “Buy” and a consensus price target of $32.01.
In other Nutanix news, SVP Rajiv Mirani sold 4,600 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $20.02, for a total value of $92,092.00. Following the completion of the sale, the senior vice president now owns 255,600 shares of the company’s stock, valued at $5,117,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $19.76, for a total transaction of $592,800.00. Following the completion of the sale, the vice president now directly owns 239,074 shares of the company’s stock, valued at approximately $4,724,102.24. The disclosure for this sale can be found here. Insiders sold 3,563,737 shares of company stock valued at $71,765,588 in the last ninety days.
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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